Whitecap Resources Price To Earning vs. Number Of Shares Shorted
| WCP Stock | CAD 10.23 0.05 0.49% |
For Whitecap Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Whitecap Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Whitecap Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Whitecap Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Whitecap Resources over time as well as its relative position and ranking within its peers.
Whitecap |
Whitecap Resources Number Of Shares Shorted vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Whitecap Resources's current stock value. Our valuation model uses many indicators to compare Whitecap Resources value to that of its competitors to determine the firm's financial worth. Whitecap Resources is rated fourth in price to earning category among its peers. It is rated second in number of shares shorted category among its peers making about 499,884 of Number Of Shares Shorted per Price To Earning. Comparative valuation analysis is a catch-all model that can be used if you cannot value Whitecap Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Whitecap Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Whitecap Number Of Shares Shorted vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Whitecap Resources |
| = | 16.51 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Whitecap Resources |
| = | 8.25 M |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Whitecap Number Of Shares Shorted Comparison
Whitecap Resources is currently under evaluation in number of shares shorted category among its peers.
Whitecap Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Whitecap Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Whitecap Resources will eventually generate negative long term returns. The profitability progress is the general direction of Whitecap Resources' change in net profit over the period of time. It can combine multiple indicators of Whitecap Resources, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | 1.9 B | 2 B | |
| Net Income | 889 M | 933.5 M | |
| Income Tax Expense | 281.7 M | 295.8 M | |
| Income Before Tax | 1.2 B | 1.2 B | |
| Total Other Income Expense Net | -759.2 M | -721.2 M | |
| Net Income From Continuing Ops | 889 M | 933.5 M | |
| Net Income Applicable To Common Shares | 1.9 B | 2 B | |
| Net Interest Income | -88.6 M | -84.2 M | |
| Interest Income | 250.8 M | 211.7 M | |
| Change To Netincome | 526.8 M | 553.2 M | |
| Net Income Per Share | 1.47 | 1.54 | |
| Income Quality | 1.96 | 1.14 | |
| Net Income Per E B T | 0.76 | 0.46 |
Whitecap Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Whitecap Resources. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Whitecap Resources position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Whitecap Resources' important profitability drivers and their relationship over time.
Use Whitecap Resources in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Whitecap Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Whitecap Resources will appreciate offsetting losses from the drop in the long position's value.Whitecap Resources Pair Trading
Whitecap Resources Pair Trading Analysis
The ability to find closely correlated positions to Whitecap Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Whitecap Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Whitecap Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Whitecap Resources to buy it.
The correlation of Whitecap Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Whitecap Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Whitecap Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Whitecap Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Whitecap Resources position
In addition to having Whitecap Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Insurance
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Insurance theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Insurance Theme or any other thematic opportunities.
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Other Information on Investing in Whitecap Stock
To fully project Whitecap Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Whitecap Resources at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Whitecap Resources' income statement, its balance sheet, and the statement of cash flows.